At the last check on Friday, Taoping Inc.’s (NASDAQ:TAOP) stock was up $1.11, moving up 49.55 percent to $3.35. The average number of shares traded per day over the past five days has been 2,597,097 shares. 3 times new highs have been achieved over the past 5 days, with a $1.38 gain in that time frame. In the last twenty days, the average volume was 686,469, while in the previous 50 days, it was 377,184.
Since last month, TAOP stock retreated -18.29%. Shares of the company fell to $2.14 on 08/29/23, the lowest level in the past month. A 52-week high of $10.20 was reached on 07/11/23 after having rallying from a 52-week low of $2.14. Since the beginning of this year, TAOP’s stock price has dropped by -48.50% or -$2.79, and marked a new high 19 times. However, the stock has declined by -67.16% since its 52-week high.
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Valuation Metrics
The stock’s beta is 0.64. Besides these, the trailing price-to-sales (P/S) ratio of 0.26, the price-to-book (PB) ratio of 0.55.
Financial Health
In the recent quarter, Taoping Inc.’s quick ratio stood at 1.00, while its current ratio was 1.00, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 29.80% percent. In the recent year, EBITDA margin amounted to 1.38%, whereas operating margins totaled -13.20%. Based on annual data, TAOP earned $7.23 million in gross profit and brought in $24.23 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -19.30%. Return on equity (ROE) for the past 12 months was -48.50%.
TAOP’s revenue fell -2.56% during the quarter, while net income inched up to $24.23 million. The liabilities of Taoping Inc. were 22.57 million at the end of its most recent quarter, and its total debt was $10.59 million.
Technical Picture
This quick technical analysis looks at Taoping Inc.’s (TAOP) price momentum. With a historical volatility rate of 273.32%, the RSI 9-day stood at 65.86% on 31 August.
With respect to its five-day moving average, the current Taoping Inc. price is up by +53.85% percent or $1.38. At present, TAOP shares trade -9.05% below its 20-day simple moving average and -40.00% percent below its 100-day simple moving average. However, the stock is currently trading approximately -50.79% below its SMA50 and -39.02% below its SMA200.
Stochastic coefficient K was 23.38% and Stochastic coefficient D was 15.41%, while ATR was 0.63. Given the Stochastic reading of 49.59% for the 14-day period, the RSI (14) reading has been calculated as 54.96%. As of today, the MACD Oscillator reading stands at 0.17, while the 14-day reading stands at 0.06.
